Looking to balance out your exposure to BSM? The ETFs below have the lowest correlation with BSM — they tend to move on their own, which can help reduce risk when BSM drops. The stock ideas table highlights individual companies that behave independently from BSM.
Best Diversifiers for BSM
6 ETFs have low correlation with BSM (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Portfolio High Yield Bond ETF (SPHY) (High Yield Bonds) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio High Yield Bond ETF | -0.08 | 0.16 | 0.20 | 62 | High Yield Bonds | BSM vs SPHY | |
| Amplify Junior Silver Miners ETF | -0.03 | 0.12 | 0.20 | 54 | Silver, Commodity Producers Equities, Precious Metals | BSM vs SILJ | |
| VanEck Vectors Preferred Securities ex Financials ... | 0.02 | 0.18 | 0.24 | 61 | Preferred Stock/Convertible Bonds | BSM vs PFXF | |
| Amplify CWP Enhanced Dividend Income ETF | 0.08 | 0.23 | 0.32 | 61 | Derivative Income | BSM vs DIVO | |
| WisdomTree US LargeCap Dividend ETF | 0.13 | 0.26 | 0.34 | 77 | Large Cap Growth Equities, Dividend | BSM vs DLN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSM and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of 0.30, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | 0.30 | 0.39 | 0.50 | 65 | Energy | |
| Energy Transfer LP | 0.38 | 0.43 | 0.50 | 69 | Energy | |
| Plains All American Pipeline, L.P. | 0.39 | 0.43 | 0.50 | 87 | Energy | |
| Dorchester Minerals, L.P. | 0.48 | 0.44 | 0.49 | 52 | Energy | |
| Exxon Mobil Corporation | 0.49 | 0.50 | 0.56 | 85 | Energy |
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